Exemption u/s 54 - sale of house constructed on leased land - as ...

Case Laws Income Tax

April 26, 2019

Exemption u/s 54 - sale of house constructed on leased land - as per revenue in order to claim benefit of u/s 54, must also transfer the land appurtenant thereto - what is important is that there should be a transfer of capital asset being a building or land appurtenant thereto and being a residential house - The word 'or' cannot be read as 'and' in the context of section 54

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Exemption u/s 54 - sale of house constructed on leased land - as ...

Case Laws Income Tax

April 26, 2019

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